Kentucky continues to inch forward with its plans to introduce sports gambling. A House committee in the state unanimously approved a bill this week that could conceivably open the doors to the activity, but there is still a long road ahead before it finally is given the green light.

Representative Adam Koenig introduced House Bill (HB) 175 in an effort to allow the state’s residents to gamble on sports at the horse racetracks, as well as the Kentucky Speedway and through mobile applications. The last is always the most contentious part of virtually any sports gambling legislation and, as has been seen in other states, gamblers would first be required to register in person at one of the new sportsbooks. In addition, the bill would allow both online poker and daily fantasy sports wagers, as well.

Also included in the bill is a provision that would prohibit wagers on collegiate-level sporting events. This could be changed as HB 175 makes its way through the political obstacle course, but Koenig would prefer to keep the bill mostly unchanged.

Sportsbooks would pay a 9.75% tax on all land-based revenues, as well as 14.25% on wagers placed through mobile devices. Those taxes, according to research firm Commonwealth Economics, could give Kentucky as much as $48 million each year in tax revenue – provided neighboring states don’t get into the fray. If they do, the tax revenue could possibly drop to $20 million a year.